A Levered ETF Trade for the Oil Rally

It is very rare that I use levered ETFs. The opportunity has to be striking. In most cases I greatly prefer options to levered ETFs due to the expenses related to levered ETFs and other structural issues.

Right now however, there is a compelling argument to use a levered oil fund.

As you know, I believe President Trump is going to end the Iran nuclear deal. That in conjunction with supply constraints on oil and the summer driving season are a lining up the perfect storm for oil prices to rip higher to about $80 per barrel. See this article for some of the technicals: